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ICX/BTC - education for begginers with real-time exampleHello my friends ! This education lesson is more for beginners, as I am too. Many new people have no clue about analysis, as begining. I did same mistake. ICX , or ICON now reach strong support at 4h timeframe. Its decide-point, which direction will continue. I like to share my approch. Usually, I just change chart to smaller timeframe ( here are2 hours candles ) for more detail look. Also bollinger bands is very easy use tool for better buy/sell. STOCH/ RSI at the bottom of chart indicate, if market is OVERBUY/OVERSELL. Lines needs to cross for change. Every market has levels with strong buy/sell points. At this spots are situated big buy/sell orders. There are call support and resistance lines & we waiting for buy/sell oportunity near this levels. I want to notice, very often candle not reach this levels properly. Buy/sell orders people likely sets little lower or higher to be sure, order will be filed : ) At this chart, Im now draw resistence, only supports. Resistence repressent upper line in bollinger bands. ICX is now in good example, and you can watch, how it works, without investing your real money. Also, you need to study basic patterns like SUPPORT & RESISTANCE levels, Fibonacchi, how to use indicators , by your own. Sure, you need to train patience. Never make decision under emotions . I will glad, if you leave comment or question below : ) *This is for education purposes only ! As all of my analysis.
Education
by EmVi
Inverse Head and Shoulders on NEOUSDJust pointing out a possible inverse head and shoulders pattern that formed on NEOUISD. I wholeheartedly admit that the target is a stretch, especially considering the amount of resistances that NEO would have to overcome on the way there. That being said, I calls 'em like I sees 'em, and I'm seeing and inverted head with a couple of inverted shoulders. In any case, will be interesting to see how this all plays out. Needless to say this is far from financial advice and I myself am still new to this so take it all with a pinch of salt.. and trade responsibly! Any and all feedback is appreciated, thanks.
BITFINEX:NEOUSD
by SijanC147
2
LTC Ascending Wedge Followed by PullbackHey guys so I'm a beginner analyst. I've been studying technical analysis for about 8 months and I'm starting to put it into action. I'm looking for experienced opinions, advice and criticisms on my ideas. It's one thing to study something and believe you have an idea of what you're doing, but its another to put it into action, therefore, I would really like some opinions of where I might be wrong on this analysis and also where I might be right. So after LTC's big bull run last night (signaling a reversal on the primary trend in reference to the Feb 4th high on the day chart) volatility is winding down. This is forming an ascending wedge signaling a pull back of the bull run. I'm looking for support at the 33%-50% marks. Is it to soon in the trend reversal to look for support at the 50 and 100 MA's? Again, I'm looking for advice, tell me where I'm wrong, tell me where I might be right, give me some advice if you have any, thank you all!
BITFINEX:LTCUSD
by jgoston96
1
RDD/BTC (Short Term +10% Long Term +500%) Reddcoin 1Hour ChartBuy in 0.00000130 - 0.00000135 Target 1 - 0.00000149 (Short Term) Target 2 - 0.00000169 (Mid Term) Target 3 - 0.00000186 ( Mid Term / Long Term) Target 4 - 0.00000278 (Long Term) Target 5 - 0.00000590 (Long Term) Very Strong Chart. Even if Support Line is broken, just wait until it climbs up again. Usualy i would allways recommend to Trade with Stopp Loss, but in this Case its not nesessary because Reddcoin has huge Potential and has not broken out yet, on long term, this will be a huge Profit coin and a Price increase is very likely (similiar to the Movement of Siacoin lately) Take Profit as soon as you feel comfortable Kind Regards Captain Trade
Long
by TimBerlin
15
BTC Beginners Evaluation - Bull Run How Far will it go?Looking at all three runs within Bitcoin so far, these have increased in the following order: 1st +1727% 2nd +1412% 3rd +2657% The upper and lower bounds should be taken into consideration for the next bull runs. It may well be the case that the next bull run exceeds these limits due to mass market adoption. At this current time Bitcoin has seen an unforgettable year and with more and more people investing in this currency, it may well be that the upper bound we see here is used as a lower bound prediction for future bull runs. It is interesting to note that the fibonacci sequence depicts a natural expansion and this could be predicted for the next bull run if the market/coin does not experience any bad press in the coming year. The businesses involved in this industry have made a lot of money this year and I can only see them investing more into the industry as a whole to make it go even further.
BITSTAMP:BTCUSD
by cryptosach
BTC Beginners Evaluation - First Two Bull Runs vs CurrentBased on a hypothetical point in the cycle called 'Current Period' on the above chart, what would happen if we plotted the same behaviours (percentage increase and duration) from the last two cycles. Firstly I would pick a beginning point to define the start of the bull run, termed 'Estimated Start' in the above chart. I would then plot the % increase with the corresponding duration for the short and long term bull runs we previously saw. Short term: +1727% 89days Long term: +1412% 152days From these indicators we extracted from the first two bull runs we can see that at the 'Current Period' the real life (current data at that time for hypothetical sake) the indicators are no where near the actual trends expected. This is quite possibly because its a non-linear relationship, so if we picked a start and adjusted the formula to suit the 'Current Period' this would allow us to calibrate our prediction. This is better using a non-linear power formula derived in say, Excel. Looking at the difference straight away, we could possibly adjust the days and estimate how far into the run the bull has ran however this becomes more of a guessing game if we go down this route. The next stage will be to develop a non-linear equation in excel and apply this to the analysis.
BITSTAMP:BTCUSD
by cryptosach
BTC Beginners Evaluation - Historical Market Behaviour Looking into the trend behaviours for large sized duration (1 year) we can see that in January 2013 there was some interest in the bitcoin market for the first time with early-early adopters showing a bull run with the low volumes that were present. The first bull run rose +1727% over 89 days. Due to the non-linear behaviour, this cannot be averaged into per day terms. Looking at the relative length to height ratio (1727% / 89d = 20 for this one bull run). We will take this as a 'typical' long-term bull run in cryptocurrency terms due to the relatively long tail where the run started. This was then followed by a fall (bearish) of -68% over 7d = 10. The second bull run we saw rose +1412% over 152d = 9 (half of 20 we previously experienced with the first bull run). This may be contributed to the larger volumes of trades having a larger effect on the behaviour of how high the price rose. However the price rose fairly similar (+1727% & +1412%) but over a much shorter duration. This was then followed by a fall of -51% over 14d = 4 (again half of 10 we previously experienced with first fall). Summary ratios Term Bull Bear long 20 10 short 9 4 Note: Percentages (%) are a good common base unit to look at as this is normalised to suit any volume at any price. These ratios are a first glance at what market behaviours are typically like. These indicators may be adjusted to upper and lower bound of short and long term behaviours depending on risk tolerance.
BITSTAMP:BTCUSD
by cryptosach